A Virginia bank company has a deal to move closer to the lucrative Washington market.

Southern Financial Bancorp plans to buy Horizon Bank of Virginia for $21 million in stock. Southern, based 80 miles from the nation's capital in Warrenton, has $258 million of assets and 13 branches.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.